Cisco sees India as most attractive market

TOKYO: Cisco Systems Inc., the largest maker of Internet equipment, sees India at the top of its list of markets to work in, Cisco Senior Vice President Howard Charney said at the Reuters Asia Technology and Telecoms Summit on Tuesday.

He saw security, Internet telephony, storage networking and wireless as chief technologies to drive business at Cisco.

China is often named as the key driver for growth in many industries, but Charney said India had an edge as a market, with a legal system familiar to the U.S.-based company and a strong work force of engineers who speak English.

Cisco expects total annual revenue growth of 10 percent to 15 percent in coming years, while the company's compound annual growth rates in India are 50 percent to 70 percent, said Charney, who is a member of Cisco's office of the president.

"India on balance is maybe the most attractive market in the world right now for us," he told the summit, held at Reuters offices in Tokyo.